Philippines' net foreign direct investments balloon 32.6%

Total amount is an impressive US$1.1b.

According to OCBC, net FDI inflows were recorded at USD 38mn in October, bringing the total amount for January-October to USD 1.1bn, a 32.6% yoy growth from the same period last year.

"Meanwhile, BSP Governor Tetangco said that inflation is likely to be within target and probably near the low end of the target range for the year. Added that while there is no plan for any immediate macro-prudential measures, the central bank has prepared a range of tools to tackle any problems if necessary," OCBC noted.

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